News Category: Industry News Published: 17-May-2010 Concern is mounting over the Government’s plans to hike Capital Gains Tax to the same levels as income tax – effectively, a 22% rise for many. There are fears that there could be a fire sale among buy-to-let landlords rushing to dispose of properties before the new rate kicks…
Vincenzo Rampulla, public affairs officer at the National Landlords Association, says due to the lack of home loan finance it is unsurprising that many landlords are unable to add to their portfolio. “Until lenders release their purse strings we will see many landlords unable to make the most of low interest rates and increased tenant…
Landlords have reacted with anger to the news that local authorities have been given carte blanche to introduce licensing schemes within their areas. Landlords are concerned that authorities may introduce licensing schemes without undertaking sufficient consultation with them and other stakeholders, and may view the licensing of landlords as an easy way to boost their…
Buy-to-let landlords would be wise to note that a proposed planning order could have a devastating effect on the rental market, one expert has suggested. Alan Ward, chairman of the Residential Landlords Association (RLA), says if the Planning Use Classes Order takes effect in April, landlords will be required to apply for planning permission if…
Buy-to-let investors may be encouraged by the fact that rental yields are currently at their highest level in two years. Figures from LSL Property Services reveal average annual returns amounted to 10.6 per cent in February, with rent increasing by 3.2 per cent in the last year.
